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[–] 22 points 2 years ago (15 children)

Politicians should be banned from stock market. Total conflict of interest.

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  • [–] 17 points 2 years ago (8 children)

    Eight Democrat Senators agree with you, and cosponsored a bill in September that died at introduction.

    https://www.congress.gov/bill/118th-congress/senate-bill/2773/all-actions-without-amendments

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  • [–] 5 points 2 years ago (2 children)

    if we keep electing people trying to maintain the status quo, then it'll never happen

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  • [–] 5 points 2 years ago (1 child)

    It’s a catch-22. To get elected, you need to learn to manipulate within the system. Once elected, you know how to leverage the system, so why would you change it?

    The best chance we’ll have for systemic change will come when boomers die off. That shouldn’t discourage efforts today, but impart some hope for the future.

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  • [–] 1 point 2 years ago (4 children)

    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

    What does that mean?

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  • [–] 3 points 2 years ago (3 children)

    It wasn’t put to a vote after being read aloud on two separate introductions. It was then forwarded to the Senate Homeland Security and Governmental Affairs Committee where it went to die.

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  • [–] 1 point 2 years ago (2 children)

    They don’t review it and then hand it back to congress?

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  • [–] 1 point 2 years ago (3 children)

    I'd be fine if they were allowed to invest in things like mutual funds so that they could take advantage of the market without being able to do insider trading of a specific stock.

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  • [–] 2 points 2 years ago (2 children)

    that would be better, but they could still invest in specific sectors or industries.

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